Month: January 2023

Climate Divestment: Kentucky Boycotts Woke Anti-Fossil Fuel Banks

h/t Carl – Will woke fossil fuel hating banks like BlackRock have to disclose the risk of being boycotted by GOP states on their SEC climate risk declarations?

Another State Puts Energy-Boycotting ESG-Loving Companies On Notice

WRITTEN BY SPENCER BROWN ON JAN 3, 2023

In the Commonwealth of Kentucky, GOP leaders are not messing around when it comes to woke ESG — environmental, social, and governance — policies that endanger the Bluegrass State’s economy and the well-being of its citizens.

In addition to joining investigations against companies over their use of ESG in attempts to “decarbonize” the global economy and fighting to keep woke asset management firms from scooping up shares of publicly traded utilities, Kentucky is putting the companies that boycott reliable and affordable energy on notice. [emphasis, links added]

On Tuesday, Kentucky State Treasurer Allison Ball named 11 such financial companies currently boycotting energy companies, following the passage of a 2022 law that directed Ball’s office to publish a list of companies actively engaged in energy boycotts, which then puts said companies on a path toward divestment by the Commonwealth.

…

The updated list of companies engaged in energy boycotts was based on a “careful review of publicly available statements and commitments made by the companies” and includes the following entities:

  • BlackRock, Inc.
  • BNP Paribas SA
  • Citigroup Inc.
  • Climate First Bank
  • Dankse Bank A/S
  • HSBC PLC
  • JPMorgan Chase & Co.
  • Nordea Bank ABP
  • Schroders PLC
  • Svenska Handelsbanken AB
  • Swedbank AB.

…

Read more: https://climatechangedispatch.com/another-state-puts-energy-boycotting-esg-loving-companies-on-notice/

So far at least the companies affected appear to be shrugging off these state legislature boycotts.

But upsetting regulators is never a good thing if you are a bank.

If banks ignore these warning signals, and continue upsetting GOP legislators with their anti-fossil fuel discrimination, next time they ask for a GFC financial bailout, say if the Chinese economy implodes and drags China exposed banks underwater, they might find nobody at the GOP controlled congress wants to answer their phone call.

via Watts Up With That?

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January 6, 2023 at 04:50PM

From Nature Conservation to Climate Calamity

Ruy Teixeira writes at his substack blog From Environmentalism to Climate Catastrophism: A Democratic Story (Part 1 of 3).  Excerpts in italics with my bolds and added images.

Conservation, the Environmental Apocalypse, and the Birth of Modern Environmentalism

The beginnings of the environment as an issue can be traced to the conservation movement of the late 19th and early 20th century associated with figures like Gifford Pinchot, head of the Forest Service under Teddy Roosevelt and John Muir, founder of the Sierra Club. They were Republicans but many Democrats also embraced the movement; Woodrow Wilson created the National Park Service in 1916. And the New Deal in the 1930’s had a prominent place for conservation activities, most famously in the creation of the Civilian Conservation Corps (CCC) where young men were employed to improve forests and national parks. Trail systems and lodges from that era are still widely used today.

With varying degrees of strictness the conservation movement’s guiding principle was to insulate unspoiled parts of nature from development by market forces, thereby preserving them for healthy leisure and recreation. The movement, like all future iterations of the environmental movement, assumed an unending conflict between man and nature that required good people to take the side of nature.

As development proceeded over the course of the 20th century, the stresses on nature became ever larger and more obvious, leading to the emergence after World War II of an apocalyptic strain in the conservation movement. The argument gained traction that economic and population growth would, if unchecked, destroy the environment and lead to civilizational collapse. Accompanying that strain was a milder version of the idea that directly challenged the old conservation ethos: simply conserving what was left of nature was not enough. The reality of the interdependent natural world meant that man’s activities were having dire effects everywhere on the planet—where people lived and where they didn’t. These activities were upsetting a finely balanced system, resulting in the degradation of both nature, as conventionally understood, and people’s lives.

Restoring and preserving that balance was what it meant to be an environmentalist.

The movement proved enormously effective as a reform movement. Carson’s book veered toward the apocalyptic, but the movement she inspired was laser-focused on practical reforms that would immediately reduce pollution and safeguard the environment. A raft of legislation in the Johnson administration followed like the Clean Air and Water Quality Acts and, in the Nixon administration, the creation of the Environmental Protection Act and the promulgation of the NEPA (National Environmental Protection Act) standards. This legislation and subsequent action was directly responsible for a radical reduction in pollution of all kinds in the next decades.

But the apocalyptic strain of environmentalism, which saw industrial society as an imminent threat to human life and to the planet, was not eliminated by these reforming successes. Instead a closer relationship evolved between mainstream environmentalism and a radical view of the fundamental dangers of industrial society. The first manifestation of this was the anti-nuclear power movement which arose in the 1970’s and was turbo-charged by the 1979 Three Mile Island incident, Building on public fears of nuclear meltdowns and radiation poisoning, the movement was successful in stopping the build-out of nuclear power in the United States.

In the 1990’s, as a scientific consensus emerged that greenhouse gases were steadily warming the earth, this movement was superseded by the climate movement. Here was clear proof that industrial society and human civilization were counterposed. Initially meliorist in orientation, the movement has become more radical as it has gathered strength.

The quest to eliminate the possibility of dire scenarios has met the reality
that industrial societies built on fossil fuels are likely to change only slowly,
for both political and technical reasons.

This has promoted a sense that radical action to transform industrial society must be taken as fast as possible. That view has gained hegemony within the Democratic party infrastructure, supporting activist groups and associated cultural elites. Practical objections about the speed with which a “clean energy transition” can be pursued and concerns about effects on jobs and prices are now outweighed for most Democrats by the perceived urgency of the mission. That has set the Democrats apart from the working class voters they aspire to represent for whom these practical objections and concerns loom large.

It has become a significant factor in the Great Divide that has opened between postindustrial metros and the rural areas, towns and small cities of middle America.

See World of Energy Infographics

After World War II the movement took a different turn. The devastation of the war, combined with the breakneck pace of economic development, fed a sense that industrial civilization was out of control and threatened the entire planet. The key figures promulgating this view were Henry Fairfield Osborn Jr. (Our Plundered Planet, 1948) and especially William Vogt, whose Road to Survival was also published in 1948. Vogt was an ornithologist and ecologist whose experiences in the developing world had convinced him that economic growth and overpopulation would inevitably lead to civilizational collapse unless both growth and population were radically curtailed.

Vogt argued that beliefs in progress were weighing humanity down and were actually “idiotic in an overpeopled, atomic age, with much of the world a shambles.” He concluded that the road to survival could only lie in maximizing use of renewable resources and accepting lower living standards or reduced population.

In his language and outlook, one can see all the strands of apocalyptic environmentalism (now focused on climate change) that we see today. This especially applies to his description of the United States and its economic system.

More benignly, Vogt’s (and Osborn’s) books marked the evolution of conservationism into environmentalism. Stripped of the apocalyptic verbiage, they were arguing that conservation of nature was not enough. The interdependence of man and nature meant that human activities could not be isolated and instead were having negative effects on the entire planet—wilderness, settled areas, oceans, everywhere. The balance of nature was being destroyed, dragging down the natural world and humanity with it. Restoring that balance, not merely conserving parts of the ecosystem, was the new meaning of being an environmentalist.

Also key to Vogt’s analysis was the concept of “carrying capacity”—how much the environment/planet could sustainably bear of a species’ imprint before disaster ensued. This was not precisely defined but it is easy to see the relationship of this idea to how climate change is conventionally thought of today.

The burgeoning strength of the environmental movement started what became a blizzard of legislative action to protect the environment and roll back pollution. That began under LBJ with the Clean Air Act, Solid Waste Disposal Act, Water Quality Act and Air Quality Act. Then under Nixon there was the National Environmental Policy Act, proximate to the Santa Barbara oil spill and widely-publicized Cayahoga River fire, establishing the (NEPA) environmental standards and reviews that are still with us today. Also under Nixon, the Environmental Protection Agency was established, the Clean Water and Endangered Species Acts passed and the Clean Air act strengthened. The first Earth Day was on April 22, 1970, clearly marking the environmental issue as a mass cause for those on the left of the political spectrum.

An interesting aspect of all this activity is that it was meliorist and profoundly reformist. That is, despite its origins in the Vogtian Silent Spring, with its apocalyptic overtones, the drive to clean up the environment was pursued through a steady accumulation of legislation and consciousness-raising about the issue. There was a sense that the problem was solvable through such activities and did not require the massive changes in economic activity and human behavior that an advocate like Vogt would have called for. Of course, there was always a radical fringe of the environmental movement, typified by Edward Abbey’s 1975 novel, The Monkey Wrench Gang, and the Earth First! group, formed in 1980, but they were a small and not particularly influential part of the overall movement.

Not only was environmentalism of this era reformist but it was very successful reformism. Consider: Because we are now so used to having a fairly clean environment in terms of air and water quality, it is easy to forget just how far we have come since the early 1960’s. Rivers and lakes back then were far more likely to be polluted and essentially unsafe for human activity than not; the Cuyahoga River in Cleveland famously caught fire in 1969. But since that era, water quality has improved dramatically; the number of water bodies meeting standard quality criteria has roughly doubled. Such icons of pollution as Boston Harbor have been cleaned up. And everywhere towns and cities are investing in waterfront leisure developments that would have been a tasteless joke a generation ago.

Air quality has increased dramatically as well. Between 1970 and 2021, emissions of the six key air pollutants that impact public health—ozone, particulate matter, carbon monoxide, nitrogen dioxide, sulfur dioxide and lead—were cut by 78 percent, even as GNP has increased increased by nearly 400 percent. Acid rain has declined by two-thirds and smog is down by about a third. These trends are truly amazing and would have been considered scarcely believable back in 1970. They underscore the tremendous success of modern reformist environmentalism.

See also Progressively Scaring the World (Lewin book synopsis)

 

via Science Matters

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January 6, 2023 at 03:15PM

If only our universities had studied this earlier: Zinc trial saves lives with Covid

By Jo Nova

White tablets, photo.

Here we are after half a billion people caught Covid (that we know of) and finally someone studies zinc in a proper randomized trial. It turns out zinc treatment reduced the length of Covid suffering by about 3 days and the people who took it were 40% less likely to die.

The thing we learn from this study is that yet again, publicly funded science is killing people because it is not studying the obvious, cheap, low risk solutions that can’t be patented. Ministers of Health are apparently Ministers for Pharmaceutical profits.

This is the scandal:

To our knowledge, this study is the first well-powered, placebo-controlled clinical trial to report results of zinc for the treatment of patients with COVID-19.

To summarize the background: We already knew zinc was useful against quite a few viruses and have known this since 1974. We also knew from another study that 6 out of 10 Covid patients were deficient in zinc, and those patients were more likely to die. Odds were that zinc would be useful, low cost and low risk, so… we waited two years and let a few million people die before someone, somewhere managed to do this obvious study with 400 patients.

The activity of zinc against infectious pathogens has been demonstrated in a variety of viral species [12–16]. However, there is very scant information available on the role and effect of zinc in coronavirus disease [17–21]. Jothimani et al [18] in a recently published study including 47 patients with COVID-19 demonstrated that zinc deficiency was present in more than half (57.4%) of their cohort and was associated with prolonged hospitalization and increased mortality compared with a control group. In 4 outpatients with COVID-19, Finzi [19] reported that treatment with zinc reduced disease symptoms within 24 hours.

In the meantime we ignored nutrients, food and exercise and spent billions of dollars on secret deals, carrying out mass experimentation with wildly new technologies and unknown risks instead. And we even did it on our children.

Basically people who took zinc were better off than those who didn’t

This applied to old folks, young people, early treatment, late treatment and either sex:

Zinc, covid 19 reserch, benefits, Table.

Zinc is better than “no zinc”. (Click to enlarge)

 

Zinc is used in over 300 enzymes and 1000 transcription factors (things we need to read our genes). It’s such an intrinsic part of us,  fully 10% of all human proteins bind zinc. After iron, it is the second most common trace metal inside us and we carry about 2 – 4 grams of zinc within.

But the sad truth is people were using zinc in treatments nearly 2,000 years ago. Even the ancient Romans arguably knew more medicine than most Ministers of Health.

The oldest known pills were made of the zinc carbonates hydrozincite and smithsonite. The pills were used for sore eyes and were found aboard the Roman ship Relitto del Pozzino, wrecked in 140 BC.

—Wikipedia

And in case you were wondering, the modern Covid research was eventually done by a small African Pharmaceutical company.

“This work was supported by Opalia Recordati, Tunisia.”

Why do we have publicly funded universities?

It is exactly this kind of “non-profit-making” research that taxpayers probably think our universities would be  doing. Isn’t it time to advance science and stop funding universities?

h/t David Maddison

REFERENCES

Saoussen Ben Abdallah, et al (2022) Twice-Daily Oral Zinc in the Treatment of Patients With Coronavirus Disease 2019: A Randomized Double-Blind Controlled Trial,  Clinical Infectious Diseases, ciac807, https://doi.org/10.1093/cid/ciac807

Zinc was known to help with viral infections (references in this paper).

12  Krenn BM Gaudernak (2009)  Antiviral activity of the zinc ionophores pyrithione and hinokitiol against picornavirus infections, J Virol 2009: 83: 58–64

,   |    PubMed

13 Korant BD, (1974) Zinc ions inhibit replication of rhinoviruses, Nature 974; 248 : 588–90,   |  PubMed

14 Johnson JK (2019)  Role of zinc insufficiency in fetal alveolar macrophage dysfunction and RSV exacerbation associated with fetal ethanol exposure. Alcohol 2019; 80: 5–16.  |  

PubMed

15 Suara RO (2004) Effect of zinc salts on respiratory syncytial virus replication .Antimicrob Agents Chemother

 2004; 48 : 783–90.   |  PubMed

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January 6, 2023 at 02:34PM

Temps Cause CO2 Changes, Not the Reverse. 2023 Update

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Not forgetting that CO2 is only a minor trace gas, at ~0.04% of the atmosphere.

Science Matters

This post is about proving that CO2 changes in response to temperature changes, not the other way around, as is often claimed.  In order to do  that we need two datasets: one for measurements of changes in atmospheric CO2 concentrations over time and one for estimates of Global Mean Temperature changes over time.

Climate science is unsettling because past data are not fixed, but change later on.  I ran into this previously and now again in 2021 and 2022 when I set out to update an analysis done in 2014 by Jeremy Shiers (discussed in a previous post reprinted at the end).  Jeremy provided a spreadsheet in his essay Murray Salby Showed CO2 Follows Temperature Now You Can Too posted in January 2014. I downloaded his spreadsheet intending to bring the analysis up to the present to see if the results hold up.  The two sources of data were:

Temperature…

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January 6, 2023 at 01:36PM